Do You Really Trust Your Successor Trustee? | AZ Estate Planning Attorney

Kenneth BarneyAttorneys, Estate Litigation Attorney, Estate Planning Lawyer, Kenneth Barney, Trust Administration, Trusts, Wills AttorneyLeave a Comment

Do You Really Trust Your Successor Trustee? In your estate planning who you pick as the successor trustee of your family trust is an important decision that shouldn’t be taken lightly. A trustee is the manager of the instructions, contained in a family trust. During your lifetime, the grantor (person creating the trust) usually will be the trustee of his … Read More

How Does the Tax Cut Affect Your Estate Plan? | Estate Planning Attorney

Kenneth BarneyEstate Planning Lawyer, Kenneth Barney, Trusts, Wills AttorneyLeave a Comment

The Tax Cut and Jobs Act of 2017: How Does it Affect Your Estate Planning? Late last year, Congress finally passed the much anticipated tax reform bill, the “2017 Tax Act,” which provides many significant changes to income tax laws, but also to estate planning and gift taxes. As with any new tax law, we strongly recommend each person or … Read More

Estate Plan Taxes | Estate Planning Attorney

Kenneth BarneyEstate Planning Lawyer, Kenneth Barney, Trusts, Wills AttorneyLeave a Comment

What Does a Trump Presidential Victory Mean to My Estate Plan and Estate Taxes? Regardless whether you lean towards the political left or right, the results of the 2016 Presidential and Congressional elections will result in changes to our current estate and gift tax laws. Since 2013, when the last major estate and gift tax laws were enacted, we have … Read More

Estate Planning Attorney | Should I Transfer My Vehicles to my Trust?

Kenneth BarneyEstate Planning Lawyer, Kenneth Barney, TrustsLeave a Comment

As an estate planning attorney in Arizona I am always asked if after you have signed your revocable living trust, what if anything should you do about your vehicles or other assets titled through Arizona’s Motor Vehicle Division? First of all, let me remind you, if you have a revocable living trust, the “funding” of your trust (which means transferring … Read More

Avoiding the Pitfalls from Separation to Divorce and Beyond

Kenneth BarneyEstate Planning Lawyer, Kenneth Barney, Trusts, Wills AttorneyLeave a Comment

Going through a legal separation or divorce is a very stressful, emotional and financially taxing period in anyone’s life. There are many pressing issues that take center stage in a divorce, especially if you have minor children, that usually other important matters are forgotten or ignored. One of the last things that may come to your mind while going through … Read More

Should I Name My Minor Child as a Beneficiary #EstatePlanningAttorney

Kenneth BarneyEstate Planning Lawyer, Kenneth Barney, Trust Administration, Trusts, Wills Attorney2 Comments

As an estate planning attorney in Mesa, Arizona I am frequently asked the question by parents: Should I name a minor child as a beneficiary or contingent beneficiary of a life insurance policy? This question has very important legal and financial ramifications that may affect your child positively or negatively for years to come and thus, should be properly evaluated. … Read More

Your Living Trust is Not Complete if it is Not Funded Properly

Kenneth BarneyEstate Planning Lawyer, Kenneth Barney, Trust Administration, Trusts, Wills AttorneyLeave a Comment

If you have taken the time to create a trust based estate plan and have not taken the next step to ensure all of your assets have been transferred (“funded”) properly, then your trust may not accomplish all that you have intended. Please use the following guidelines below to be certain you have funded your trust correctly to protect your … Read More

My Loved One Died and Nominated Me as Trustee – What do I do Now? #EstatePlanningAttorney

Kenneth BarneyEstate Planning Lawyer, Kenneth Barney, Trust Administration, TrustsLeave a Comment

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A very common scenario plays out time and time again: A parent or loved one, years ago, planning ahead (which in and of its self, is something almost 70% of American’s do not do), created a Revocable Living Trust. The Trust book was then placed on the shelf and has collected dust during the past 10+ years, having never been … Read More

AB Trust Planning vs. Portability Under ATRA-2012 – To “B” or Not to “B”: #EstatePlanningAttorney

Kenneth BarneyEstate Planning Lawyer, Kenneth Barney, Trust Administration, TrustsLeave a Comment

The American Taxpayer Relief Act of 2012 (ATRA-2012) was enacted on January 2, 2013, effectively saving us from falling off the Estate & Gift Tax “Fiscal Cliff” that threatened us at the end of 2012. ATRA-2012 was a welcome relief for many families who worried that the estate and gift tax exemption would fall back to a $1.0 million exemption … Read More